[February 28, 2006] DS Group pips REL to bag Rs 5,000-cr order Tweet (Times of India, The (KRT) Via Thomson Dialog NewsEdge) Feb. 28--NEW DELHI -- Its debut in hydro power sector has been aggressive. DS Constructions (DSC), better known for building highways, has outbid heavyweights like Reliance Energy and JP Associates to bag a Rs 5,000 crore project in Arunachal Pradesh (AP). Government has announced a 50,000 MW hydro power initiative, of which 50 percent capacity will be created in AP alone. DSC has become the first private sector company to get a piece of such opportunity. The company, whose order book has grown nearly 20 times from Rs 550 crore to Rs 10,000 crore in just four years, seems to have struck gold in the race to landscape India's mission-critical infrastructure. First, by bagging two of the country's most prestigious expressway projects and now by becoming the first private company in recent times to bag a hydro power project of this size. The 1000 MW Naying Hydro Electric Project on Siyom River in West Siang district of AP, is being built on a Build-Operate-Transfer (BOT) basis. Four units of 250 MW each will generate about 4,966.77 million units of power. The project will be implemented by an SPV with 89 percent equity from DSC and 11 percent by the state government. [ Back To TMCnet.com's Homepage ]